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Rikey flunked the midterm and tells everyone it's the teacher's fault.He didn't study because he knew it was just a waste of time.After all, he knew the "teacher had it in for him." Rikey demonstrates a(an) ______.
Open Economy
An economy that engages in international exchange of goods, services, and capital by allowing cross-border trade and investment.
GDP
Gross Domestic Product, the total market value of all final goods and services produced within a country in a specific time period, used as an indicator of economic health.
NX
Represents net exports, which is the value of a country's total exports minus its total imports and is a component of a country's gross domestic product (GDP).
Trade Surplus
Trade Surplus occurs when the value of a country's exports exceeds the value of its imports.
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